?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=https%3A%2F%2Fmpra.ub.uni-muenchen.de%2F12128%2F&rft.title=Consolidation+and+efficiency%3A+Evidence+from+non-bank+financial+institutions+in+Malaysia&rft.creator=Sufian%2C+Fadzlan&rft.creator=Abdul+Majid%2C+Muhamed+Zulkhibri&rft.subject=G28+-+Government+Policy+and+Regulation&rft.subject=G21+-+Banks+%3B+Depository+Institutions+%3B+Micro+Finance+Institutions+%3B+Mortgages&rft.description=This+paper+investigates+the+efficiency+changes+of+finance+and+merchant+banking+institutions+in+Malaysia%2C+during+and+post-consolidation+periods+by+applying+the+non-parametric+Data+Envelopment+Analysis+(DEA).+The+evidence+suggests+that+pure+technical+efficiency+is+more+related+to+overall+efficiency+than+scale+efficiency.+On+average%2C+28.7%25+of+finance+and+merchant+banking+institutions+are+operating+at+CRS%2C+while+the+majority+are+scale+inefficient.+Our+results+from+the+Tobit+regression+analysis+further+confirmed+that+the+level+of+equity+capital+is+positively+related+with+the+level+of+efficiency+gain.+Financial+institutions+with+higher+ratio+of+loans+to+assets+are+related+to+higher+level+of+efficiency.+This+might+reflect+the+degree+of+market+power+exists+in+the+loan+markets+compared+to+the+other+product+markets+with+institutions+developed+their+strategic+niche+within+the+market.&rft.date=2007-03-01&rft.type=MPRA+Paper&rft.type=NonPeerReviewed&rft.format=application%2Fpdf&rft.language=en&rft.identifier=https%3A%2F%2Fmpra.ub.uni-muenchen.de%2F12128%2F1%2FMPRA_paper_12128.pdf&rft.identifier=++Sufian%2C+Fadzlan+and+Abdul+Majid%2C+Muhamed+Zulkhibri++(2007)%3A+Consolidation+and+efficiency%3A+Evidence+from+non-bank+financial+institutions+in+Malaysia.++++&rft.language=en